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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (7953)11/3/1999 10:52:00 PM
From: Bob Kim  Read Replies (1) | Respond to of 60323
 
Based on the $69 1/4 close, I would expect ML to resume coverage with a price target ranging from $77 to $83 in order to keep their rating in good standing.



To: orkrious who wrote (7953)11/4/1999 7:52:00 AM
From: Ausdauer  Read Replies (1) | Respond to of 60323
 
Jay,

For clarification, the 4.5 million shares will be offered to clients of these investment banks and not registered as sales on NASDAQ, thus the recent movement in the stock price is a result of a "catch up" of the street price to the share price set for the secondary ($68.00)???

Is the tail wagging the dog or vice-versa?

Aus


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